Venture Global LNG Inc. drew sharp criticism from Shell plc’s CEO on Thursday, who said the “actions of one player could potentially start to undermine confidence” in U.S. natural gas exports. During the third quarter conference call, CEO Wael Sawan was asked about an ongoing contract dispute with Venture to deliver liquefied natural gas cargoes…
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Mexico LNG Projects in Focus as Asia Set to Dominate Demand Growth
Mexico is poised to play an increasingly prominent role in the global natural gas market, driven by internal demand and the LNG export projects planned for the country’s Pacific and Atlantic coasts. During a joint webinar on Thursday, experts from NGI and the London Stock Exchange Group plc (LSEG) described the market dynamics that are…
Surge in Worldwide LNG Projects to Ease Natural Gas Supply Concerns, IEA Says
The International Energy Agency (IEA) is projecting that global demand for natural gas will start to dip by the end of this decade, but should remain strong and near a historic peak through 2050. In its latest 350-page annual World Energy Outlook (WEO), researchers said that for the first time in the history of the…
TotalEnergies Says Middle East Operations Stable Amid Conflict in Israel
TotalEnergies SE expects global commodity prices to remain high for the remainder of the year as wars in Israel and Ukraine, along with supply constraints, keep energy markets tight. The steep year-over-year drop in oil and natural gas prices dented the company’s results for the period. But the cost of those fuels still remained high…
U.S. LNG Seen as Safe Bet Amid War in Israel, Qatar’s Balancing Act
Israel’s war against Hamas has created yet another turning point for North American LNG projects working to advance, particularly those in the United States, as they look to seize momentum and pitch buyers on the energy security they can provide in an increasingly volatile market. The United States and Qatar are set to drive the…
IEA Sees Growing Global Natural Gas Supply, Resilient Long-Term Demand Through 2050
The International Energy Agency (IEA) is projecting that global demand for natural gas will start to dip by the end of this decade, but should remain strong and near a historic peak through 2050. In its latest 350-page annual World Energy Outlook (WEO), researchers said that for the first time in the history of the…
U.S. Grants Amended License as Shell, Trinidad and Tobago Pursue Venezuelan Natural Gas Deal
The island nation of Trinidad and Tobago is aiming to take a “significant step forward” in gathering Venezuelan natural gas to support domestic demand and LNG exports after the United States granted an amended license, according to Energy Minister Stuart Young. In a press conference late Tuesday, Young said he expects to complete negotiations with…
Ksi Lisims LNG Signs Up as Customer for TC’s Prince Rupert Pipe System
TC Energy Corp. has landed Ksi Lisims LNG as a potential customer for a dormant but still approved pipeline across northern British Columbia (BC), the Prince Rupert Gas Transmission (PRGT) system. Led by the Nisga’a Nation and a group of Canada’s largest natural gas producers, Ksi Lisims also has filed for environmental approval to develop…
IEA Forecasting Near-Term Surge in U.S.-to-Mexico Natural Gas Exports
U.S. exports of piped natural gas to Mexico are expected to grow by 20% during the 2022-2026 period, according to the International Energy Agency (IEA). The projection is “partly driven by new LNG export terminals in Mexico relying on U.S. feed gas supplies, including the Energía Costa Azul liquefied natural gas project (4.4 Bcm/year) and…
‘Time Is Running Out’ on Colombia Natural Gas Market as Supply Shortfall Looms
Colombia needs to expand domestic natural gas production and/or add more LNG import capacity to avoid a potential gas supply deficit, energy experts are warning. “Currently, Colombia is on course to run short of domestic gas this decade, with a gap between gas supply, including import capacity, and demand of 560 MMcf/d projected for 2030,”…